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Trump Media's Stock Has Jumped From Its Recent Lows

Former President Donald Trump in North Carolina on Oct. 4

Win McNamee / Getty Images

Key Takeaways

  • Shares of Truth Social's parent company jumped Thursday, rising to levels last seen in August.
  • News about a streaming video app likely helped the shares. But the stock has been climbing lately, about doubling from September lows.
  • The shares can be volatile, trading on views regarding former President Donald Trump's political fortunes as well as company news.

Shares of Truth Social's parent company jumped Thursday, rising as the company announced some product news that helped the stock touch its highest level in months.

Trump Media and Technology Group (DJT) stock recently was up more than 16% to around $24. The move comes as the shares have r💜isen off lows below $12 per share touched last mo🌄nth. 

Today's move likely was spurred in part by the company's announcement that a new app for watching its streaming video offering is now available in Google's Play Store.

But the stock generally has risen in recent weeks, moving off lows driven by investor questions about whether the expiration of 澳洲幸运5开奖号码历史查询:lock-up agreements governing some investors' trades would be followed by widespread selling by former President Donald Trump, 澳洲幸运5开奖号码历史查询:its majority owner, or other big investor🌜s. That,▨ for the most part, hasn't happened.

That extended a run of volatility that has lasted nearly as long as the stock, which hit the public markets earlier this year via a merger with a blank-check company, has been publicly traded. The shares—which trade in part on investors' read on whether Trump might be re-elected—are still well off 2024 highs near $80, though now back at levels last seen in August. 

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  1. Trump Media and Technology Group. "."

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